PATRICK DEVAL L - 21 Sep 2021 Form 3 Insider Report for Toast, Inc. (TOST)

Reporting relationship: Director
Issuer ticker: TOST
Reported as of: 21 Sep 2021
Net transaction value: $0
SEC form: 3
Accepted by SEC: 21 Sep 2021, 20:25:39 UTC
Prior SEC filing: 17 Sep 2021
Next SEC filing: 27 Sep 2021
Source filing: View source filing
Reporting owner signature: /s/ Brian R. Elworthy, as Attorney-in-Fact

Key filing fact

PATRICK DEVAL L filed Form 3 for Toast, Inc. (TOST) on 21 Sep 2021.

Key facts

This page summarizes PATRICK DEVAL L's Form 3 filing for Toast, Inc. (TOST).
0 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 21 Sep 2021, 20:25.

Change

Previous filing in this sequence was filed on 17 Sep 2021.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TOST holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 21 Sep 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 22,930
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock shall be reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7. Each outstanding share of Class B Common Stock will be convertible into one share of Class A Common Stock at any time at the option of the holder or automatically upon the occurrence of other events set forth in the Issuer's certificate of incorporation.

Footnote F2

The Restricted Stock Units ("RSUs") shall vest in three equal annual installments over three years following February 22, 2021, contingent upon completion of the Issuer's public offering.

Footnote F3

RSUs convert into Class B Common Stock on a one-for-one basis upon vesting and settlement.

SEC remarks

Exhibit 24 - Power of Attorney